Skip to content

National Business

Head of Canadian banking at Scotiabank Dan Rees departing

Head of Canadian banking at Scotiabank Dan Rees departing

TORONTO — Scotiabank's head of Canadian banking is leaving after a 25-year career at the financial institution. The bank says Dan Rees is leaving to pursue other opportunities.
Read more >
OpenText Corp. sees earnings, revenues rise to kickstart financial year

OpenText Corp. sees earnings, revenues rise to kickstart financial year

OpenText Corp. says it earned US$80.9 million in the first quarter of its financil year, up from a loss of US$116.9 million a year earlier. Revenues for the Waterloo, Ont.-based company were US$1.
Read more >
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,626.34, up 547.34 points): Enbridge Inc. (TSX:ENB). Energy. Up $1.14, or 2.5 per cent, to $46.06 on 8.2 million shares.
Read more >
Tax avoidance: Canadian companies transferred $120B to Luxembourg, study says

Tax avoidance: Canadian companies transferred $120B to Luxembourg, study says

MONTREAL — A Quebec research institute says some of Canada's biggest companies have transferred billions of dollars in profits to Luxembourg to avoid paying domestic taxes.
Read more >
TVA Group lays off more than 500 employees as audiences and ad revenues shrink

TVA Group lays off more than 500 employees as audiences and ad revenues shrink

MONTREAL — The TVA Group says it is laying off 547 employees — nearly a third of its workforce — amid restructuring as the company contends with declining audiences and ad revenues.
Read more >
Pembina Pipeline reports record third quarter; raises full-year guidance

Pembina Pipeline reports record third quarter; raises full-year guidance

CALGARY — Pembina Pipeline Corp. says it earned $346 million in the third quarter of 2023, down from $1.8 billion in the same three-month period of 2022.
Read more >
Stock market today: Wall Street leaps toward its best week of 2023 on hopes for halt to rate hikes

Stock market today: Wall Street leaps toward its best week of 2023 on hopes for halt to rate hikes

NEW YORK (AP) — Wall Street roared higher, adding to its rally from the day before on hopes the Federal Reserve may finally be done with its market-rattling hikes to interest rates. The S&P 500 jumped 1.9% Thursday.
Read more >
S&P/TSX composite closes up nearly 3%, U.S. stock markets also rise

S&P/TSX composite closes up nearly 3%, U.S. stock markets also rise

TORONTO — Canada's main stock index leapt close to three per cent Thursday and U.S. markets also rose as investors shifted bets from long-term bonds towards equities on an improved outlook for interest rates.
Read more >
Thousands of Las Vegas Strip hotel workers at 18 casinos could go on strike this month

Thousands of Las Vegas Strip hotel workers at 18 casinos could go on strike this month

LAS VEGAS (AP) — Tens of thousands of Las Vegas hotel workers fighting for new union contracts set a strike deadline Thursday, threatening major disruptions at more than a dozen resorts that could coincide with the Strip's inaugural Formula 1 races l
Read more >
Minister promises changes to temporary visas, but no 'draconian measures'

Minister promises changes to temporary visas, but no 'draconian measures'

OTTAWA — Immigration Minister Marc Miller says he plans to recalibrate the number of people who come to Canada temporarily to make sure the program is sustainable, but details about what measures the government is considering remain unclear.
Read more >